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Residents of Kabardino-Balkaria opened more than 6000 investment accounts

More than 6 thousand individual investment accounts were opened by residents of Kabardino-Balkaria Republic at the end of May 2020. This is evidenced by the Moscow Exchange. In total, more than 67 thousand such accounts were opened in the North Caucasus Federal District at this date.

“The income on an individual investment account may be greater than on a deposit with a bank. Therefore, many citizens see this tool as an alternative to traditional bank deposits.  However, it should be remembered that private investment is always fraught with a number of risks. So, unlike a bank deposit, IIA is not protected by the state deposit insurance system, and no one can guarantee you break-even",- deputy manager of the Department-NB of the Kabardino-Balkarian Republic Rasul Balaev said.

Recall that the opportunity to open an individual investment account in Russia appeared in early 2015.